Question

 What can common people deduct on taxes?

Answer The Internal Revenue Code permits an individual taxpayer the ability to either take a standard deduction or to itemize specific deductions--whichever course proves to be most beneficial. There are ... Read More »
http://www.answerbag.com/q_view/1795496

Top Q&A For: What can common people deduct on taxes

Can you deduct gas on your taxes?

On One Hand: Not Regular CommutesIf you just drive from your home to your job and back, you cannot deduct your gas costs. However, if you work multiple jobs, you can deduct the cost of gas used dri... Read More »
http://www.answerbag.com/q_view/1983314

Can I deduct any of my FSA on taxes?

A flexible spending account (FSA) reimburses out-of-pocket medical expenses and contributions are made from your pre-tax wages. According to the FSAFEDS Program, you may not claim on your tax retur... Read More »
http://www.answerbag.com/q_view/2053352

Can I deduct PMI on taxes?

Congress extended the law through 2010 allowing taxpayers to deduct private mortgage insurance (PMI), but only for homes bought or refinanced since Jan. 1, 2007. The deduction is only available for... Read More »
http://www.answerbag.com/q_view/2049273

What can you deduct from taxes?

Several tens of thousands of pages (maybe more) exist on this topic. No list does, nor is a list possible.
http://wiki.answers.com/Q/What_can_you_deduct_from_taxes


feedback
loading